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A review of economic studies on the opioid crisis | VOX, CEPR Policy Portal


Tomas Philipson , Eric Sun
The US is the epicentre of opioid misuse and associated harms, with an average of 128 deaths occurring each day in 2018 from opioid overdoses – more deaths than from any other drug crisis in the country’s history. Fatal opioid overdoses have exceeded the American death count from the Vietnam War, and in 2017, they also surpassed auto fatalities. 
The costs of opioid misuse extend far beyond mortality and into domains such as morbidity, healthcare systems, labour markets, child wellbeing, and crime. Opioid misuse is estimated to cost the US over $500 billion annually (Council of Economic Advisers 2017).
Economists – using innovative frameworks, causal methods, and rich administrate and survey data – have actively contributed to our understanding of the causes and consequences of the opioid crisis. In our recent working paper (Maclean et al. 2020), we discuss the results of more than 100 economic studies obtained from keyword searches ....

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